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Data for enhanced efficiency in O&G category
yesterday
Source: Energy Voice

Data for enhanced efficiency in O&G

Petrofac’s head of strategy emphasized on the need of digital data and technology during the Gastech conference, 2018. If more data can be harnessed on oil and gas assets and machinery, it would improve “efficiency, safety and sustainability” quickly, he said. Petrofac is trying actively to provide better technology and had worked with Accenture in order to create a tool that can give “predictive analytics” on oil and gas assets.

Embracing digitalisation at ONS: Christopher Hufton category
Aug. 31, 2018
Source: Energy Voice

Embracing digitalisation at ONS: Christopher Hufton

The 22nd biennial Offshore North Seas (ONS) conference saw Christopher Hoftun from ASCO, Norway talk about the dawn of new culture of innovation in the oil and gas industry. As leaders from the industry gathered in ONS for a 4 day conference, the Digitalisation and innovation manager for ASCO Norway laid emphasis on the digital transformation of the offshore supply chain industry.

New Technology for O&G Digital Workers unveiled category
Aug. 29, 2018

New Technology for O&G Digital Workers unveiled

Keeping up with the digital revolution that has taken the oil and gas industry by storm, a new app has been unveiled that equips Digital Workers with live access to real-time and other information. The app has been developed by digitalisation software provider, Eigen, and is built on Eigen’s ‘Ingenuity’ platform. Lundin, Norway is currently using the app for its operations.

India’s new Industrial Policy proposes Ease of Trade category
July 20, 2018
Source: ET Energy World

India’s new Industrial Policy proposes Ease of Trade

If sources were to be believed, the new Indian industrial policy which is to be released soon, will replace the 1991 policy, focusing on the use of big data and promotion of digital ports. The policy has been designed to further establish robust international linkages by strengthening India’s global exports. The idea is to integrate the Indian market with the global market by removing the existing barriers.

Aker BP hires Resoptima in digitalisation strategy category
July 6, 2018
Source: World Oil

Aker BP hires Resoptima in digitalisation strategy

Aker BP has entered into an agreement with software solution company, Resoptima to carry forward its efforts of bringing about digitalisation into reservoir management. Resoptima’s proprietary software, ResX will enable Aker BP to quickly construct reliable reservoir models through constant integration of all existing reservoir data, acknowledging the uncertainty. Additionally, the oil major also acquired 15% equity stake in Resoptima.

USD 7bn profit potential for unconventional oil and gas operators: Emerson study category
May 7, 2018

USD 7bn profit potential for unconventional oil and gas operators: Emerson study

A recent study by Emerson reveals that unconventional oil and gas operators can greatly enhance their performance with profits up to $7 billion by adopting advanced automation technologies. Digital transformation and Industrial Internet of Things (IIoT) is shaping future operational excellence. Profitability can improve by as much as 10% with a comprehensive improvement program.

Largest FPSO of Canada receives virtual access through iSite tool category
March 29, 2018

Largest FPSO of Canada receives virtual access through iSite tool

UTEC is an international survey company in subsea services group Acteon which has recently delivered a Virtual Asset Management tool to an offshore operator in Eastern Canada. Through this tool, the team will be able to remotely access its Floating, Production Storage and Offloading (FPSO), right from their desktop with 360° visualization.

OGWA 2018-Siemens discusses digitalisation of Oil and Gas Industry category
March 26, 2018

OGWA 2018-Siemens discusses digitalisation of Oil and Gas Industry

In the ongoing Oman’s Oil and Gas Exhibition and Conference (OGWA) 2018, Siemens will discuss how digitization and technological innovation are helping in making oil and gas operations safer, efficient, reliable and cost effective. The senior officials at Siemens feel that the oil and gas industry is facing serious challenges along with intense competition.

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